Nonprofit · EIN 62-1373723
FREENY WATER ASSOCIATION
Tax-exempt · CARTHAGE, MS 39051
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $838,801 | $661,951 | $176,850 | $2,939,167 | $392,077 | $2,547,090 |
| June 30, 2024 | 990 | $767,870 | $607,470 | $160,400 | $2,803,072 | $432,832 | $2,370,240 |
| June 30, 2023 | 990 | $760,554 | $609,764 | $150,790 | $2,794,280 | $584,440 | $2,209,840 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $807,945
- Investment income
- $30,856
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $185,914
- Salaries, compensation and benefits (total)
- $200,486
- Professional fundraising fees
- $0
- Accounting fees
- $6,620
- Occupancy
- $79,436
- Depreciation
- $121,010
Balance sheet and other
- Total assets, start of year
- $2,803,072
- Total assets, end of year
- $2,939,167
- Total liabilities, end of year
- $392,077
- Net assets, end of year
- $2,547,090
- Land, buildings and equipment
- $1,457,122
- Net assets without donor restrictions
- $912,796
- Net assets with donor restrictions
- $1,634,294
- Gross receipts
- $838,801
- Employees
- 4
- Year formed
- 1968
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH CLAYTON | DIRECTOR Trustee or director | 1 | $1,300 |
| PHILIP CROSBY | VICE PRESIDE Trustee or director, Officer | 1 | $1,300 |
| LERAN EALY | DIRECTOR Trustee or director | 1 | $1,300 |
| H V NEAL | PRESIDENT Trustee or director, Officer | 1 | $1,300 |
| JAMEY JOHNSON | SECRETARY Trustee or director, Officer | 1 | $650 |
| LINDA TERRELL | SECRETARY Trustee or director, Officer | 1 | $650 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH CLAYTON | DIRECTOR Trustee or director | 1 | $1,200 |
| PHILIP CROSBY | VICE PRESIDE Trustee or director, Officer | 1 | $1,200 |
| LERAN EALY | DIRECTOR Trustee or director | 1 | $1,200 |
| H V NEAL | PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| LINDA TERRELL | SECRETARY Trustee or director, Officer | 1 | $1,200 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH CLAYTON | DIRECTOR Trustee or director | 1 | $1,200 |
| PHILIP CROSBY | VICE PRESIDE Trustee or director, Officer | 1 | $1,200 |
| LERAN EALY | DIRECTOR Trustee or director | 1 | $1,200 |
| H V NEAL | PRESIDENT Trustee or director, Officer | 1 | $1,200 |
| LINDA TERRELL | SECRETARY Trustee or director, Officer | 1 | $1,200 |
Address and contacts
- Address (IRS master file)
- 1411 HIGHWAY 35 S, CARTHAGE, MS 39051-6070
- Principal officer (990 for 2024)
- H V NEAL, 546 JOHN IVY RD, CARTHAGE, MS 39051
- Signed the 990
- H V NEAL, PRESIDENT
- Phone
- (601) 267-8266
- Return prepared by
- WATKINS WARD AND STAFFORD PLLC
Mission
PROVIDES WATER TO APPROXIMATELY TWO THOUSAND MEMBERS.
Program accomplishments
- REVENUE FROM WATER SERVICE FURNISHED TO MEMBERS ENABLES THE ASSOCIATION TO MAINTAIN THE SYSTEM AND RETIRE DEBT.Expenses $661,951 · revenue $807,945
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1373723
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,939,167
- Income (IRS master file)
- $838,801
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $838,801 | $661,951 | $2,939,167 | IRS |
| 990 | June 2024 | $767,870 | $607,470 | $2,803,072 | IRS |
| 990 | June 2023 | $760,554 | $609,764 | $2,794,280 | XML |
| 990 | June 2022 | $661,623 | $594,208 | $2,810,640 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1373723).
Questions about FREENY WATER ASSOCIATION
- What is the EIN of FREENY WATER ASSOCIATION?
- The employer identification number (EIN) of FREENY WATER ASSOCIATION is 62-1373723.
- Is FREENY WATER ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1998.
- Are donations to FREENY WATER ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FREENY WATER ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FREENY WATER ASSOCIATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREENY WATER ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FREENY WATER ASSOCIATION?
- The 990 for the year ended June 30, 2025 names H V NEAL.
- Who are the officers and directors of FREENY WATER ASSOCIATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 6 received compensation from the organization, the highest $1,300 (KENNETH CLAYTON, DIRECTOR).
- How much revenue does FREENY WATER ASSOCIATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $838,801, expenses of $661,951 and total assets of $2,939,167 at year end.
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